TCNNF - Florida's Medical Cannabis Market Sees Explosive Growth Ahead Of November Legalization Ballot | Benzinga
The latest report on medical cannabis sales in Florida from the Office of Medical Marijuana Use (OMMU) showed the number of qualified patients in Florida has skyrocketed from 299,044 in January 2020 to 884,531 in July 2024, representing a 195.7% increase as a cannabis legalization amendment will be voted on in in the November 2024 elections.
The surge in patients comes despite a slight decline in the number of qualified physicians, which dropped from 2,619 to 2,281 (-12.9%). This disparity between growing patient numbers and fewer doctors could signal potential challenges in patient care and access to medical cannabis.
Also, the number of dispensing locations has more than tripled, from 213 in January 2020 to 656 in July 2024, an increase of 208.5%. Leading MMTCs, including Trulieve, Curaleaf, and MÜV, have significantly expanded their operations, contributing to this impressive growth.
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